View from Silicon Valley: Start Up & Venture Capital Firms News & Events, High Tech Trends, … If you would like to drop us a note, feedback or propose a news, use the form "Leave a comment" below … You might want also to check out the earliest volumes of "Silicon Valley News" archives located at http://www.netvalley.com/silicon_valley/news.html

Menu

Monthly Archives: November 2014

Weeby.com, led by a CEO Michael Carter … is offering … to pay its engineers an average salary well above market rate: $250,000 a year … “ If you look at a really talented engineer,” said Carter, “they’ll help Facebook, Apple, or Google, but they won’t fundamentally change anything. Whereas that same engineer at a small company could be the difference between failure and a billion dollars .”

New hires get a base salary commensurate with their experience — at least $100,000, and more than they were previously paid. They join with the promise, if they perform well, of automatic $10,000 monthly bumps until they hit $250,000. Even then, the raises continue, so that after four years, it adds up to a million. Weeby doesn’t ignore equity, offering up to four times what similar-sized Valley startups do, Carter said. Employees, in fact, will own more of Weeby than even its biggest investor.

… and was invited to a private screening of her new tech-centric movie, “The Imitation Game” at a home in the area… She said she met “a very nice man” named Sergey, who she assumed was a very rich man but was definitely wearing Crocs. That would be Sergey Brin, the co-founder of Google. His net worth is about $30 billion, according to Forbes.The screening was hosted by “some rich tech person called Yuri, who was very nice.” That’s Yuri Milner, an investor worth nearly $2 billion.
Read more: http://money.cnn.com/2014/11/11/technology/keira-knightley-tech-hoodies/